TJP
Anonymous09/19/26, 09:49No.62706418Escheatment Laws, Dormant Assets & Bona Vacantia, The 60-Year Rule
>United States: If an account is inactive for 3 to 5 years, brokerages must legally transfer the assets to state governments (escheatment), which typically liquidate securities into cash that the owner can reclaim at any time
>United Kingdom: Under the Dormant Assets Scheme, cash and investment accounts left untouched for 15 years are moved to a central fund for social initiatives, though the owner's legal right to reclaim the cash value is permanently protected
>Switzerland: Under the Swiss Banking Act, accounts are flagged after 10 years of no contact and published on a registry for 50 more years, after which the assets are permanently liquidated and given to the government with no remaining right to reclaim.
How is this fair? What if im in a coma for 20 years? What if I want to live remotely?
Werent there stories of homeless people returning back to find their brokerage accounts full of money? How come their accounts werent forced-liquidated.
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